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Karo is a 35 year old entrepreneur from Yerevan. He trades in construction materials. Karo has applied for a loan to develop his business. With the loan's help he plans to purchase more construction materials for his shop. Karo will increase his sales and get more income. This will help him to save money and invest in opening a new shop in the future.

Additional Information

About SEF International

SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.

About Armenia

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Karo to pay for construction materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 7, 2011
Jan 1, 2012
Currency Exchange Loss:
Jan 17, 2014